Digital Bros Gains Influence Over Starbreeze AB with Board Election

The latest update is out from Digital Bros S.p.A. ( (IT:DIB) ).

Digital Bros Group has announced that it has acquired significant influence over its Swedish subsidiary, Starbreeze AB, following the election of its CFO, Stefano Salbe, to Starbreeze’s Board of Directors. This development allows Digital Bros to consolidate Starbreeze using the equity method, which is expected to impact the company’s financial statements and decision-making processes, potentially enhancing its strategic position in the video game industry.

The most recent analyst rating on (IT:DIB) stock is a Buy with a EUR22.00 price target. To see the full list of analyst forecasts on Digital Bros S.p.A. stock, see the IT:DIB Stock Forecast page.

More about Digital Bros S.p.A.

The Digital Bros Group is a company listed on Euronext STAR Milan, operating since 1989 in the development, production, and distribution of video games through its brand 505 Games. It has a global presence with offices in Italy, the United States, the United Kingdom, the Czech Republic, China, Japan, Australia, and Canada, employing 287 people.

Average Trading Volume: 38,353

Technical Sentiment Signal: Buy

Current Market Cap: €181.2M

For detailed information about DIB stock, go to TipRanks’ Stock Analysis page.